Search Result for: costs

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Marcia Forbes: The Trade Wars Between Jamaica and Trinidad

By Marcia Forbes, PhD CJ Contributor The Patty War Many in the Anglophone Caribbean would have heard of Jamaica’s Patty War with Trinidad. It came to a head in 2009. At its root was what some describe as non-tariff barriers […]

Barbados Receives $17 Million IDB Loan for Smart Energy Initiative

Above: Bridgetown (CJ Photo) By the Caribbean Journal staff Barbados will soon receive a $17 million loan for the country’s Public Sector Smart Energy programme, following the loan’s approval by the Inter-American Development Bank. The programme will also be receiving […]

Grenada Succeeds in Protecting Cash in US and Vacating Restraining Notices

By L Andrew S Riccio CJ Legal Contributor Grenada is an island nation better known for its beaches and diving than for petroleum production. But in 2004, RSM Production Corp., a US company, applied for a petroleum exploration license from […]

United States Virgin Islands Projects Receive Green Energy Funding

Above: St Thomas By the Caribbean Journal staff A few weeks after the news of a significant solar investment in the United States Virgin Islands, a few smaller-scale green energy projects have received funding from the US Department of Agriculture. […]

Jamaican Small Businesses Going Green through New DBJ Programme

Above: DBJ Managing Director Milverton Reynolds, DBJ Project Coordinator Christopher Brown, Minister of State Julian Robinson and CAC 2000’s Steven Marston By the Caribbean Journal staff Jamaican small businesses are getting a green boost thanks to a new project from […]

Op-Ed: The Value of Jamaica’s Dollar

By Ramesh Sujanani Op-Ed Contributor It is now being touted that, with Jamaica’s expenditure exceeding its income, constant depreciation of the Jamaican Dollar is imminent. It has been said that this is no different to what has occurred in the […]

Trade With Haiti of “Vital Importance” to Dominican Republic Economy

Above: the region near the Massacre River in the Dominican Republic By the Caribbean Journal staff Trade with Haiti has become of vital importance to the Dominican Republic, according to Dominican Economy Minister Temistocles Montas. The country’s strong relations with […]

US Virgin Islands Signs Agreement for Large-Scale Solar Power Project

Above: Governor John de Jongh and officials at the ceremony Monday (Photo: OG) By the Caribbean Journal staff The US Virgin Islands Water and Power Authority has signed solar power and purchase and interconnection agreements with three companies to provide […]

Op-Ed: Jamaica’s GSAT and Its Solutions

By Ramesh Sujanani Op-Ed Contributor I refer to April 23, Observer, in which a prominent educator speaks out against Jamaica’s GSAT examinations. I am always concerned when persons with knowledge of a subject turn to the government for a solution. […]

IMF: Grenada’s Economy Shows Signs of Fragile Recovery, But Risks Remain

Above: Downtown St George’s (CJ Photo) By the Caribbean Journal staff Grenada’s economy is showing signs that a “fragile recovery” may underway, although “significant” downside risks remain, according to the International Monetary Fund. An IMF mission visited Grenada form May […]

Op-Ed: Hyatt’s Carlos Cabrera on the Future of Caribbean Hotels

By Carlos Cabrera Op-Ed Contributor When asked about Hyatt’s strategy to enhance its distribution during the company’s Q1 earnings call in May, Mark Hoplamazian, President and CEO of Hyatt Hotels Corporation, specified that expanding the Hyatt Resort presence was one […]

Op-Ed: Jamaica, Greece and Putting the People Before the Creditors

By Jake Johnston Op-Ed Contributor Jamaica is barely emerging from its worst economic downturn in the last 30 years. Even after positive growth returned in 2011, the economy remains 3 percent below its 2007 level, and with anaemic growth projected […]

Op-Ed: Liquefied Natural Gas, Nuclear Power and the Environment in Jamaica

By Ramesh Sujanani Op-Ed Contributor There was an article in the Jamaica Gleaner last week describing the choice of an Liquefied Natural Gas plant (Fossil Fuel) for handling up to 460 megawatts over the next three years. We have probably […]

Puerto Rico, USVI Governors Seek White House Support for Electrical Connection

Above: Puerto Rico Governor Luis Fortuño and US Virgin Islands Governor John de Jongh By the Caribbean Journal staff Puerto Rico Governor Luis Fortuño and US Virgin Islands Governor John de Jongh have signed a letter asking White House to […]

Dominican Republic Signs Agreement to Create European Studies Centre

Above: EU Representative Irene Horejs (Photo: CIG/José Ramón Cuevas) By the Caribbean Journal staff The Dominican Republic will be home to a new Center for European Studies, following an agreement between the Directorate General of Multilateral Cooperation and the Global […]

Op-Ed: Haiti’s Fight for Transparency

By Jake Johnston Op-Ed Contributor In the aftermath of the earthquake in Haiti, donors pledged billions of dollars for reconstruction efforts. With those dollars was a commitment to “build back better”; this time was supposed to be different from previous […]

Op-Ed: The Bahamian Election and the Importance of Small Business

By Mark A Turnquest Op-Ed Contributor Small and Medium Sized Enterprise (SME) owners must carefully review all political parties’ platforms for the upcoming May 7, 2012 general election in the Bahamas. SME owners must determine which political party best articulates […]

Turks and Caicos Special Investigation and Prosecution Team Gets New Funding

Above: the Turks and Caicos House of Assembly By the Caribbean Journal staff The Turks and Caicos government’s Special Investigation and Prosecution Team has received $7.2 million in additional funding from the United Kingdom. The funding, which was announced by […]

St Lucia Building Green Financial Complex at Pointe Seraphine

By the Caribbean Journal staff St Lucia has broken ground on a new state-of-the-art financial centre at Pointe Seraphine. The facility aims to save the government what could be millions in annual rental fees, as various departments in the Ministry […]

LIAT to Outsource More Cargo Operations, Citing Challenging Economic Environment

By the Caribbean Journal staff LIAT has announced plans for further outsourcing of its cargo and Quikpak operations at a number of its Caribbean locations, the air carrier announced Tuesday. Wilbur Edwards, LIAT’s director of Cargo and Quikpak operations, said […]

Forbes: Telling the Caribbean’s Stories

By Marcia Forbes, PhD CJ Contributor Books Explode in Jamaica! Last year saw an explosion of book publishing in Jamaica. It seemed as if every week a newly-published book by a Jamaican author was being launched. This delightful explosion continues […]

Op-Ed: Nuclear Energy in Jamaica

By Ramesh Sujanani Op-Ed Contributor Last year, the aspect of liquefied natural gas being of uncertain supply, and rapidly increasing in price, was brought to the forefront of the energy supply in Jamaica. Some months later, so-called “clean coal,” was […]

Interview with US Virgin Islands Delegate Donna Christensen on Health Care, HOVENSA

Above: US Virgin Islands Delegate to Congress Donna Christensen (Photo: WH) By Alexander Britell The US Virgin Islands is in one of the most challenging periods in its history, in large part due to the closure of the HOVENSA oil […]

Dominican Republic Opens New Highway

Above: the new Montecristi-Dajabon highway (Photo: OP) By the Caribbean Journal staff Dominican Republic President Leonel Fernandez is unveiling the new Montecristi-Dajabon highway today, built at a cost of more than $7.7 million. The 34.6km road will link the provinces […]

Grenada Unveils 2012 Budget Including Taiwan Debt Payment, Minister Pay Cuts

By Lincoln Depradine ST GEORGE’S – Government ministers in Grenada will take a 5 percent cut in pay starting next month, Finance Minister Nazim Burke has announced. He made the announcement Friday while presenting the country’s $378.9 million USD 2012 […]

Turks and Caicos’ Newest Resort Is Opening in November, With Its Own Private Lagoon